Mathematics · Simple Interest
An individual invested certain amounts in three different schemes P, Q, and R at simple interest rates of 7% p.a., 9% p.a., and 11% p.a. respectively. If the total interest accrued in one year was ₹2,520 and the amount invested in Scheme R was 250% of the amount invested in Scheme P and 300% of the amount invested in Scheme Q, what was the amount invested in Scheme P?
- 1₹6,500
- 2₹6,000✓
- 3₹5,500
- 4₹5,000
Correct answer
₹6,000
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